1 week Ago By Lauren Hirsch
Senator Elizabeth Warren, the Massachusetts Democrat, has asked the Securities and Exchange Commission to investigate whether President Trump violated securities laws while reversing course on his global tariffs. Early Wednesday, during a period of intensely volatile trading, Mr. Trump wrote on social media, “THIS IS A GREAT TIME TO BUY!!!” Hours later, he announced a 90-day pause on many tariffs, sending the S&P 500 in just minutes.
Wednesday was the best day for the S&P 500 since the recovery from the 2008 financial crisis. “In recent days, President Trump has announced a series of erratic, reckless tariffs, leading to significant market turmoil,” Senator Warren wrote in a letter to Paul Atkins, the chair of the S.E.
C. “As a direct result of this chaos, the U.S.
financial markets have experienced dramatic declines over the course of just a few days.” She added, “It is unclear which officials and affiliates of President Trump had advance knowledge of his plans to delay tariffs — but insiders may have known that he was going to announce a tariff pause and that the market would improve.” A White House spokesman did not respond to a request for comment on the letter.
Mr. Trump to halt the tariffs following a and increasing concern about the economic consequences of the quick and drastic reset in global trade policy. It is far from certain that Senator Warren’s letter will spur any investigation at the S.
E.C. Senator Warren has been an adamant opponent of , whom she has from his work with banks and financial firms.
Mr. Atkins, who founded Patomak Global Partners, a financial services consulting firm, was confirmed by the Senate this week. We are having trouble retrieving the article content.
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